In what ways is the SEC porn situation considered financial fraud/scam?

This happens all throughout the government. You got to be happy that all you tax money are going to this stuff. The government worker is working hard for you. The average pay in the SEC is $85k per year.
 
This happens all throughout the government. You got to be happy that all you tax money are going to this stuff. The government worker is working hard for you. The average pay in the SEC is $85k per year.
 
This happens all throughout the government. You got to be happy that all you tax money are going to this stuff. The government worker is working hard for you. The average pay in the SEC is $85k per year.
 
This happens all throughout the government. You got to be happy that all you tax money are going to this stuff. The government worker is working hard for you. The average pay in the SEC is $85k per year.
 
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